Todays Report: Today, Autodesk, Inc. (ADSK) Earns Overweight Rating from Barclays PLC

Today, Autodesk, Inc. (ADSK) Earns Overweight Rating from Barclays PLC

Barclays PLC reaffirmed their overweight rating on shares of Autodesk, Inc. (NASDAQ:ADSK) in a research report released on Tuesday. They currently have a $81.00 price target on the software company’s stock, up from their prior price target of $75.00.

Several other research analysts also recently weighed in on the company. Citigroup Inc. set a $65.00 target price on Autodesk and gave the stock a hold rating in a research note on Sunday, August 28th. Wedbush upped their target price on Autodesk to $60.00 and gave the stock a neutral rating in a research note on Friday, August 26th. Cowen and Company upped their target price on Autodesk from $68.00 to $71.00 and gave the stock an outperform rating in a research note on Friday, August 26th. Robert W. Baird upped their target price on Autodesk from $65.00 to $75.00 and gave the stock an outperform rating in a research note on Friday, August 26th. Finally, Canaccord Genuity upped their target price on Autodesk from $60.00 to $65.00 and gave the stock a hold rating in a research note on Friday, August 26th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $68.42.

Autodesk (NASDAQ:ADSK) opened at 75.15 on Tuesday. The firm’s 50-day moving average is $72.18 and its 200 day moving average is $63.91. The stock’s market capitalization is $16.68 billion. Autodesk has a 1-year low of $41.60 and a 1-year high of $78.58.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, August 25th. The software company reported $0.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.18. Autodesk had a negative return on equity of 5.95% and a negative net margin of 15.05%. The company earned $550.70 million during the quarter, compared to the consensus estimate of $511.49 million. During the same period in the previous year, the company posted $0.19 earnings per share. Autodesk’s revenue for the quarter was down 9.6% on a year-over-year basis. Equities analysts anticipate that Autodesk will post ($0.60) EPS for the current fiscal year.

In other Autodesk news, SVP Jan Becker sold 17,363 shares of the stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $71.48, for a total value of $1,241,107.24. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Richard Scott Herren sold 1,500 shares of the stock in a transaction dated Thursday, November 3rd. The shares were sold at an average price of $68.91, for a total value of $103,365.00. The disclosure for this sale can be found here. 6.20% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the stock. Efficient Advisors LLC bought a new stake in Autodesk during the third quarter worth about $709,000. D.A. Davidson & CO. raised its stake in Autodesk by 57.4% in the third quarter. D.A. Davidson & CO. now owns 97,598 shares of the software company’s stock worth $7,057,000 after buying an additional 35,591 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new stake in Autodesk during the third quarter worth about $101,000. Credit Suisse AG raised its stake in Autodesk by 30.5% in the third quarter. Credit Suisse AG now owns 554,261 shares of the software company’s stock worth $40,089,000 after buying an additional 129,669 shares in the last quarter. Finally, Ameritas Investment Partners Inc. raised its stake in Autodesk by 2.7% in the third quarter. Ameritas Investment Partners Inc. now owns 8,632 shares of the software company’s stock worth $624,000 after buying an additional 228 shares in the last quarter. 96.82% of the stock is currently owned by institutional investors.

Autodesk Company Profile

Related posts

Leave a Comment